Texhong International Group Balance Sheet Health
Financial Health criteria checks 5/6
Texhong International Group has a total shareholder equity of CN¥9.9B and total debt of CN¥9.4B, which brings its debt-to-equity ratio to 95.2%. Its total assets and total liabilities are CN¥21.6B and CN¥11.7B respectively. Texhong International Group's EBIT is CN¥1.8B making its interest coverage ratio 4.3. It has cash and short-term investments of CN¥3.0B.
Key information
95.2%
Debt to equity ratio
CN¥9.44b
Debt
| Interest coverage ratio | 4.3x |
| Cash | CN¥2.99b |
| Equity | CN¥9.92b |
| Total liabilities | CN¥11.65b |
| Total assets | CN¥21.57b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2678's short term assets (CN¥10.8B) exceed its short term liabilities (CN¥7.8B).
Long Term Liabilities: 2678's short term assets (CN¥10.8B) exceed its long term liabilities (CN¥3.8B).
Debt to Equity History and Analysis
Debt Level: 2678's net debt to equity ratio (65%) is considered high.
Reducing Debt: 2678's debt to equity ratio has reduced from 102.4% to 95.2% over the past 5 years.
Debt Coverage: 2678's debt is well covered by operating cash flow (44.4%).
Interest Coverage: 2678's interest payments on its debt are well covered by EBIT (4.3x coverage).